Skanska’s Board of Directors has resolved on the repurchase of shares etc
At the Board meeting on April 13, 2018, the Board resolved to exercise the Annual General Meeting’s authorization concerning the repurchase of shares on the following terms: on one or several occasions, but no later than the Annual General Meeting in 2019, not more than 3,000,000 Series B shares in Skanska may be acquired, the aim of which is to secure delivery of shares to participants in Skanska’s employee ownership program (2017 – 2019) Seop 4.
Further the Board resolved to exercise the Annual General Meeting’s authorization concerning transfer of shares on the following terms: on one or several occasions, but no longer than the Annual General Meeting in 2019, not more than 700,000 Series B shares in Skanska may be transferred, the aim of which is to cover mainly social security costs that may occur in relation to Skanska’s employee ownership program (2014-2016) Seop 3.
Acquisition, or transfer, may only be made on Nasdaq Stockholm within the price interval prevailing at any given time, meaning the interval between the highest purchase price and the lowest selling price.
On April 13, 2018, Skanska held 11,589,087 Series B shares in its own custody.
For further information please contact:
André Löfgren, Senior Vice President Investor Relations, Skanska AB, tel +46 (0)10 448 13 63
Caroline Fellenius-Omnell, Executive Vice President, General Counsel, Skanska AB, tel +46 (0)10 448 13 63
Direct line for media, tel +46 (0)10 448 88 99
This and previous releases can also be found at www.skanska.com.
Skanska is one of the world’s leading construction and project development companies, focused on selected home markets in the Nordic region, Europe and USA. Supported by global trends in urbanization and demographics, and by being at the forefront in sustainability, Skanska offers competitive solutions for both simple and the most complex assignments, helping to build a sustainable future for customers and communities. The Group has about 40,000 employees. Skanska's sales in 2017 totaled SEK 161 billion.